Can a sub-70% operating ratio be far behind?
That’s a question being asked after Old Dominion Freight Line Inc. (NASDAQ:ODFL) posted Wednesday morning an operating ratio of 72.3% in its second quarter. The eye-popping number, which was a quarterly record for the company, meant that the Thomasville, North Carolina-based LTL carrier spent just 72.3 cents for every $1 in revenue.
Put another way, Old Dominion achieved an operating margin of 27.7% and did it while bringing on more labor to...
https://www.freightwaves.com/news/old-dominion-shatters-record-with-723-operating-ratio-in-q2